TaxAct® automatically calculates the Earned Income Credit (EIC) based on the information in your return. If you have a dependent that is a qualifying child, enter your dependent information (including name, SSN, relationship to you, year of birth, number of months lived with you, and student status). TaxAct will then use dependent information in the calculation of the earned income credit. To review your dependent entries, go to our Dependents - Entering and Reviewing FAQ.
To enter or review your EIC information in TaxAct, follow the steps below.
Online
Dashboards
From within your TaxAct return, click Deductions & Credits.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Select Edit beside Earned Income Credit (EIC).
Complete the rest of the interview process.
At the end, the walk-through will indicate whether the return qualifies for EIC.
If you don’t qualify, the reason(s) why will be listed.
If you do qualify, the calculated EIC amount will be displayed.
Classic Navigation
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Other Credits drop-down, then click Earned income credit.
Complete the rest of the interview process.
At the end, the walk-through will indicate whether the return qualifies for EIC.
If you don’t qualify, the reason(s) why will be listed.
If you do qualify, the calculated EIC amount will be displayed.
Desktop
From within your TaxAct return, click Federal.
Click the Other Credits drop-down, then click Earned income credit.
Complete the rest of the interview process.
At the end, the walk-through will indicate whether the return qualifies for EIC.
If you don’t qualify, the reason(s) why will be listed.
If you do qualify, the calculated EIC amount will be displayed.